The NFT market is warming up! Can you still profit by entering now?
Recently, the NFT market has suddenly become lively, and many veteran players have noticed: trading volume has increased, blue-chip project prices have rebounded, and even celebrities are secretly buying in! Today, let's discuss whether this wave of recovery is a 'true rebound' or a 'false peak'? Should the average person follow in?
Data speaks: NFTs are really going up!
Trading volume has surged
Last week, the total trading volume of the NFT market reached $160 million, an increase of nearly 30% compared to last month!
Ethereum NFTs are still the leader (accounting for half of the trading volume), but Bitcoin NFTs have also become popular, with trading volume increasing by 60%!
Buyers are back
More importantly: the number of sellers has decreased, indicating that people are becoming more reluctant to sell, waiting for prices to rise.
Why the sudden recovery?
Driven by the larger market
Bitcoin has risen to $120,000, and Ethereum broke through $3,100 last week, with bull market funds starting to flow into NFTs.
Blue-chip projects leading the charge
CryptoPunks (the Hermes of the NFT world) is hot again, with the cheapest one selling for $270,000!
Pudgy Penguins saw weekly sales surpass $9 million,
More uses for NFTs
Now even U.S. Treasury bonds and real estate can be turned into NFTs (like Ondo Finance).
Land transactions in metaverse games (such as The Sandbox) have also become active.
Is it still possible to get in?
Short-term strategies
Cautious investors: Buy blue-chip NFTs (Punks, Bored Apes, Pudgy Penguins), as they are the most resilient in a bull market.
Risk-takers: Keep an eye on Bitcoin NFTs (Ordinals) and newly launched hot projects, but beware of getting cut!
Long-term opportunities
RWA NFTs (tokenization of bonds and real estate) could be the next trend.
AI-generated art NFTs (like images created with Midjourney) are becoming increasingly popular.
Risk warning
NFT volatility is even greater than that of Bitcoin, with potential gains of 50% in a day or a 50% drop.
Beware of scam projects! Many new NFTs are claiming to have 'celebrity endorsements', but are actually scams.
If Bitcoin crashes, NFTs will follow, so don't go all in!
Summary
This wave of NFT recovery is backed by real money, not just speculation.
Advice:
Beginners: Start with a small amount to test the waters, then increase your investment after learning more.
Veterans: Focus on blue-chip and RWA sectors, and don't be greedy chasing highs!
